Heidelberg (pta033/15.02.2022/16:15) -
Altech Advanced Materials AG (AAM / the Company) ( FRA: AMA1) announces that Altech Industries Germany GmbH (AIG), a subsidiary of Altech Chemicals Limited (75%) and Altech Advanced Materials AG (25%), has awarded the engineering contract for the AIG Battery Materials pilot plant in Schwarze Pumpe, Saxony, Germany, to Küttner GmbH (Küttner). Küttner will now start with the detailed planning. Thus, the procurement of individual components and the construction of the pilot plant can then be started quickly. The plant is designed for the production of 120 kg of coated battery anode material per day, which can then be made available to battery manufacturers for testing purposes.
Küttner is a German-based industrial plant engineering and EPC contractor, with strong experience in design, procurement, project and construction management and plant commissioning across different industries. Küttner has previously completed metallurgical plant, water and off-gas treatment projects and is therefore an ideal implementation partner for AIG.
As announced by the Company on 1 February 2022, preliminary design of the pilot plant has now been completed. With the selection of Küttner as the contractor for the construction of the pilot plant, the next step in the development of the plant in the existing Dock3 factory building has been completed.
The Board of Directors
About Altech Advanced Materials AG
Heidelberg-based Altech Advanced Materials AG (ISIN: DE000A2LQUJ6) ("AAM") is an investment company listed in Frankfurt. The company's objective is to participate in the market for lithium-ion batteries and thus in the rapidly growing sector of electromobility as well as in the expected market development for the other applications of high-purity alumina. To this end, Altech Advanced Material AG has acquired a 25% stake in Altech Industries Germany, Dresden, ("AIG"), where a factory for the production of coating material for anode batteries is to be built together with the partner Altech Chemicals Limited, Australia ("ATC"). A feasibility study is currently underway. AIG holds the exclusive rights to use the coating technology for anode materials and the rights to the high purity alumina ("HPA") production technology within the European Union from Altech Australia Pty Ltd, Australia. In addition, AAM holds an option to acquire up to a 49% interest in Altech Australia Pty Ltd, Australia ("Altech") for up to $100 million. Currently, Altech is a wholly owned subsidiary of ATC. Altech owns the IP rights to the HPA technology as well as being the wholly owned parent company of Altech Chemicals Sn Bd, Malaysia, through which a 4,500-ton HPA plant is to be built in Johor, Malaysia, and Altech Meckering Pty Ltd, Australia, the company that holds the rights to the kaolin mine from which the raw material for HPA production is sourced.
For more information, visit:www.altechadvancedmaterials.com
For more information, please contact:
Ralf Droz / Doron Kaufmann, edicto GmbH
Tel: +49 (0) 69 905505-54
|Emitter:||Altech Advanced Materials AG|
Ziegelhäuser Landstraße 3
|Contact Person:||Hansjörg Plaggemars|
|Phone:||+49 6221 64924-82|
|Stock Exchanges:||regulated market in Frankfurt; free market in Dusseldorf; open market in Berlin|